The license allows ARP Digital to offer regulated digital asset and stablecoin conversions into UAE dirhams as it expands its Gulf presence beyond Bahrain. ARP Digital, an institutional digital asset infrastructure provider, has secured a broker-dealer license from Dubai’s Virtual Assets Regulatory Authority, allowing the Bahrain-based firm to offer regulated conversions between digital assets and the UAE dirham. According to ARP Digital, the license covers United Arab Emirates-based corporates, capital markets participants and qualified investors, including conversions between stablecoins and dirhams. ARP Digital offers institutional services including over-the-counter liquidity, cross-border settlement, fiat on- and off-ramps and wealth management. The approval comes as Dubai continues to expand its regulated digital asset sector.